Books Everyone Must Read: Book Sixteen : Romancing the Balance Sheet

Books Everyone Must Read: Book Sixteen
Book: Romancing the Balance Sheet
Author: Anil Lamba

“When you can hold a conversation with numbers, when you can talk to figures and make them talk back to you, when financial statements begin to lose their mystery, it is then and only then that you can begin to romance numbers.”

Today, biggest confusion is that Accountants do Financial Jobs. No, Accountants just do Book Keeping that includes Finalization of Balance Sheet/s. Financial Accounting and Financial Management, both are different. Financial Accounting is job of Accounting Team, But Financial Management is responsibility of all Departments, Whether It is Sales, Purchase, Admin, HR, IT or any Department. Any Decision that affects the Organization’s Profitability is a Finance Decision.

In very simple terms you will learn :

Cost of Capital

Net Worth

Earning Per Share

Break Even Point

Profit Volume Ratio

Leverage Analysis

How to find Desired Sales to earn a certain amount of Profit.

There are many lessons, you would have studied during your CA/CMA/MBA Courses, But It will be amazing to learn their practical usage in understanding the numbers.

I recommend the book just not accounting professionals, but to all top executives in any organization including their CEOs. Thanks.